Market Updates

• Yields were mixed during the week with the two-year Treasury note rising by two basis points to 4.90% while the five-year note decreased by four basis points to 4.47%.

• 272 thousand workers were added to payrolls in May, blowing past expectations of 180 thousand while the unemployment rate nudged up to 4.0% from 3.9%.

• Average hourly earnings reaccelerated to 0.4% in May and to 4.1% for the trailing year as the labor market continues to run hot, pushing out expectations for easier policy.

• Click the link below to read the full article.